The Princess of Asturias Foundation is a non-profit private institution whose essential aims are to contribute to extolling and promoting those scientific, cultural and humanistic values that form part of the universal heritage of humanity and to consolidate the existing links between the Principality of Asturias and the title traditionally held by the heirs to the Crown of Spain. His Majesty King Felipe VI was Honorary President of the Foundation since its creation in 1980 until his proclamation as King of Spain on 19th June 2014, following which Her Royal Highness Leonor de Borbón y Ortiz, Princess of Asturias, became the Honorary President of this institution which annually convenes the Princess of Asturias Awards.